AUTHORITY TO EXERCISE RIGHT OF LIEN AND SET-OFF ON DEPOSIT WITH THE BANK

IN CONSIDERATION of our guaranteeing the loan sum of N to XYZ , we agree that you have a lien or
similar right to the balance in our current account or any of our other accounts domiciled in your
bank.

You may also at any time without notice to us, set-off all or part of the total credits

FOR VALUE RECEIVED, the undersigned hereby deposits and pledges with _ [Pledgee] as collateral
security to secure the payment of: [Describe debt]_

It is understood and agreed: 1. Pledgee may assign or transfer said debt and the stock
collateral pledged hereunder. 2. In the event of default of payment of the debt, or breach of
this pledge agreement, the Pledgee or holder shall have full rights to foreclose on the pledged
deposit and excercise its rights as a secured party pursuant to Article 9 of the Uniform
Commercial Code; said rights being cumulative with any other rights the Pledgee may have
against the undersigned. Signed under seal this _ day of _,
19_.________________________________